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Getting an Investment Visa HK is easier said than done.
There’s a lot of steps to complete while you are at it. And even if you end up applying for the same, there are some other post-application formulas to follow too.
We have enlisted all of them in this article elaborately. So, if there’s anything you’re confused about, hopefully it will solve those queries.
How Do You Obtain an Investment Visa in Hong Kong?
To obtain an investment visa in Hong Kong, you need to follow a specific application process. The investment visa, also known as the Entrepreneur visa, is designed for individuals who wish to start or join a business in Hong Kong.
Below are the general steps involved in obtaining an investment visa:
1: Understand the Eligibility Criteria
Ensure you meet the basic requirements for the investment visa.
These typically include having a good educational background, a viable business plan, relevant experience, and sufficient funds to invest in Hong Kong.
Also, you will need to be at least 18 years old before you can apply for the Visa. If it’s proven that you’re not of that age, your application might get cancelled.
If you’ve tried to hide the information, the Hong Kong government may ban you from getting a visa temporarily or permanently.
2: Prepare the Required Documents
Gather all the necessary documents for your application. The specific requirements may vary, but typically include the following:
- Completed application form ID 999A.
- Copy of your passport or travel document.
- Proof of academic qualifications and relevant work experience.
- A detailed business plan outlining your proposed business operations, market analysis, financial projections, etc.
- Proof of available funds for investment in Hong Kong.
- Proof of a registered office address in Hong Kong.
- Any additional supporting documents to strengthen your application, like partnership agreements or lease agreements.
3: Submit Your Application
Complete the application form (ID 999A) and gather all the supporting documents. Submit your application either in person or by mail to the Hong Kong Immigration Department.
4: Attend an Interview (if required)
In some cases, the Immigration Department may request an interview to further assess your application. If required, attend the interview and be prepared to answer questions about your business plan and intentions.
5: Wait for a decision
After submitting your application, it will be reviewed by the Hong Kong Immigration Department. The processing time can vary, but typically takes around 4-8 weeks. You can track the status of your application online or contact the Immigration Department for updates.
6: Collect Your Visa
If your application is approved, you will receive an approval letter. You can collect your visa label in person at the Immigration Department or through a local sponsor. The visa will be affixed to your passport, allowing you to enter Hong Kong.
7: Establish your business in Hong Kong
Once you have obtained your investment visa, you need to proceed with establishing your business in Hong Kong. This may involve –
- Registering your company,
- Opening a bank account,
- Finding suitable office space, and
- Fulfilling any other legal and administrative requirements.
The Bottom Line
It’s important to note that the above steps provide a general overview of the process, and the specific requirements and procedures may vary. It’s recommended to consult the Hong Kong Immigration Department’s official website or seek professional advice to ensure you have the most up-to-date and accurate information for your specific circumstances.